This article applies to all elected officials and candidates
to be elected officials.
The Commission or the office designated by the Commission shall
retain financial disclosure statements for four years from the date
of receipt.
For the purposes of §
37-20A,
B, and
C of this chapter, the following interests are considered to be the interests of the individual making the statement:
A. An interest held by a member of the individual's immediate family,
if the interest was, at any time during the reporting period, directly
or indirectly controlled by the individual.
B. An interest held by a business entity in which the individual held
an interest of 30% or greater at any time during the reporting period.
C. An interest held by a trust or an estate in which, at any time during
the reporting period:
(1) The individual held a reversionary interest or was a beneficiary;
or
(2) If a revocable trust, the individual was a settlor.
The Commission shall review the financial disclosure statements
submitted under this article for compliance with the provisions of
this article and shall notify an individual submitting the statement
of any omissions or deficiencies.